Home Forums Bike Forum Cycle to work scheme, small Ltd Co.

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  • Cycle to work scheme, small Ltd Co.
  • gobuchul
    Free Member

    IANAA.

    We have a small limited company, 2 directors, me and the Mrs.

    We take a small wage, below the tax allowance and dividends.

    Is there any point in signing up for a cycle to work scheme and buying a couple of bikes?

    Will it just basically increase our tax free allowance by the purchase price of the bikes?

    Is it worth the faff?

    IHN
    Full Member

    Just buy the bikes through the company, it’s that simple.

    gobuchul
    Free Member

    Do you mean as company equipment/assets?

    Then claim the VAT and offset as an expense?

    SSS
    Free Member

    Yes

    gobuchul
    Free Member

    Thanks gents, it seems pretty obvious now!

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